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Old 11-10-2011, 11:44 PM
 
13,319 posts, read 25,565,364 times
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As I've said before, calling "boomers" the cohorts born from 1946-1964 is pure marketing, as are all the other "generation labels." The phenomenom known as the baby boom (each birth cohort larger than the year before) started in 1946 (when soldiers were returning home) and ended around 1957, or, at latest, 1960, when cohorts were no longer larger than the year before. According the marketing definition, a boomer born in 1964 could be the child of one born in 1946.
I also think that generational changes are partly dependent on the social background. For instance, there were so many social changes in the 1960s that even a few years difference between people can seem like a generation, as it also depends on where you lived when changes happened- an isolated small town? A suburb near a university? Etc.
To answer the original question, I am not desperate not sitting pretty (and am not an "us.") At age 28, decided to get serious about having a reliable trade/income, didn't get serious about money until about age 46, and returned to a job that has an old-fashioned pension. I've spent a lot, having a large mortgage for 14 more years, and am sitting fine unless become disabled.
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Old 11-11-2011, 03:38 AM
 
4,649 posts, read 6,483,631 times
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I say if a man makes it to age 70 he should get him a young woman and spend it all. When all else fails blame it on dementia or Alzheimer's. I wonder how many boomers are in Congress? That may not look good for the boomers.
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Old 11-11-2011, 05:59 AM
 
Location: Near a river
16,042 posts, read 18,978,143 times
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Quote:
Originally Posted by Caltovegas View Post
I say if a man makes it to age 70 he should get him a young woman and spend it all.
I read somewhere (wish I had saved it) that older folks in their 70s, 80s, are charging up the credit cards, living it up (why not) with no care about paying it off before they die. I'd like to hear some of their stories....
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Old 11-11-2011, 06:18 AM
 
Location: Texas
14,078 posts, read 17,666,896 times
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Quote:
Originally Posted by newenglandgirl View Post
I read somewhere (wish I had saved it) that older folks in their 70s, 80s, are charging up the credit cards, living it up (why not) with no care about paying it off before they die. I'd like to hear some of their stories....
How selfish could you get? That debt doesn't just magically disappear at death. It has to be dealt with out of the deceased estate, which means the kids have to be involved.

Not only that, but in MHO, it's immoral to take on debt you have no intention of paying.
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Old 11-11-2011, 06:33 AM
 
Location: SW MO
23,605 posts, read 31,487,261 times
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Quote:
Originally Posted by stillkit View Post
How selfish could you get? That debt doesn't just magically disappear at death. It has to be dealt with out of the deceased estate, which means the kids have to be involved.

Not only that, but in MHO, it's immoral to take on debt you have no intention of paying.
It would only mean that what's left of the estate to be divided among the heirs would be smaller. The children would be under no obligation to pay the bills.

Provided you are sure there's enough of an estate to pay off the bills and plant you I see nothing selfish about it at all. Nowhere is it written that children have a right to an inheritance.
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Old 11-11-2011, 07:33 AM
 
Location: Near a river
16,042 posts, read 18,978,143 times
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Quote:
Originally Posted by stillkit View Post
How selfish could you get? That debt doesn't just magically disappear at death. It has to be dealt with out of the deceased estate, which means the kids have to be involved.

Not only that, but in MHO, it's immoral to take on debt you have no intention of paying.
I personally would never do it, I don't have that ethic. But hearing stories would be fun....you know, doing your entire bucket list and charging it all to BOA especially if you have no estate....
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Old 11-11-2011, 07:38 AM
 
Location: Los Angeles area
14,018 posts, read 17,740,386 times
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Default Fun?

Quote:
Originally Posted by newenglandgirl View Post
I personally would never do it, I don't have that ethic. But hearing stories would be fun....you know, doing your entire bucket list and charging it all to BOA especially if you have no estate....
Fun? More like disgusting.
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Old 11-11-2011, 07:48 AM
 
Location: Near a river
16,042 posts, read 18,978,143 times
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Originally Posted by Escort Rider View Post
Fun? More like disgusting.
Some people have no sense of humor....
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Old 11-11-2011, 07:55 AM
 
Location: Texas
15,891 posts, read 15,299,608 times
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One thing of interest to me is the job tenure of Boomers and particularly the first wave. I was born in the first years of the Baby Boom. My father instilled in me a dedication to my job. We boomers, for a large part, stayed with our first serious jobs.

My degree is in Social Work. Back in the day we early Boomers were flooding the market with Social Work degrees because we were all about helping folks. When I graduated there were few jobs in that field to be had. They were already filled. I was fortunate to be hired by a federal agency and I stuck with that job for 37 years. As a result I am very comfortable in my retirement. But, I earned it by staying with the same employer for all those years. I might also add that I stumbled into the job when I saw a sign on one of the offices in downtown Chicago that stated "hiring." I walked in wearing love beads, fringed vest and moccasins. I really was never a hippie. I just dressed cool. LOL. Somebody was smiling down on me because I was hired.

So, some of it was pure luck.

These days I see the current generation job jumping a lot. It goes against my grain to do that but I do understand it because there are greener fields for professional advancement and they are moving into better jobs. It does seen that for a lot of those "kids" it is all about money. In my day it was about just having a job. There were so many of us graduating from college at the same time that it was a very big thing to land a good job back in the day.

This first job I was offered after taking the FSEE (Federal Service Entrance Exam) was as a border agent in MN. AHAHA. I speak Spanish so I figured they would have offered me a job on our southern border. I didn't take that one. I just fell into the agency that hired me by pure luck.
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Old 11-11-2011, 08:08 AM
 
Location: SoCal desert
8,093 posts, read 13,234,579 times
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Quote:
Originally Posted by Curmudgeon View Post
It would only mean that what's left of the estate to be divided among the heirs would be smaller. The children would be under no obligation to pay the bills.
Just don't live in PA or SD ...

In recent years, nursing homes in Pennsylvania have filed numerous lawsuits against the grown children of patients with unpaid bills under a little-known law that requires adult children to support destitute parents. Similar cases have also arisen in South Dakota.
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